14509 Stenum St - Office FOR SALE


Biloxi, MS 39532
$1,575,000 USD
228-216-0438
14509 Stenum St, Biloxi, MS for Sale
$1,575,000 USD
Office - FOR SALE
1/30
null | 6.31% Cap Rate

14509 Stenum St
Biloxi, MS 39532


HIGHLIGHTS

  • All the conveniences of an office and storage/warehouse in one place.
  • This building is highly visible to I-10 and has a professional retail appearance from the street.
  • Instant income from the fantastic Fortune 500 tenant with a long term lease in place.
  • There is a fire-system in place.

OVERVIEW

**WAREHOUSE-BUSINESS-MULTI-USE SPACE WITH PRIME VISIBILITY TO I-10!** This exceptional property offers **instant income** with a long-term triple net lease in place! Currently tenant-occupied by a **Fortune 500 company, Terminix**, this property boasts a **5-year secured lease WITH TWO additional FIVE year options (total of 15 years!!!)**, making it a solid investment opportunity. **Property Highlights** - **Building Details**: - **5,000 sq. ft. total**: Includes a **1,000 sq. ft. office** seamlessly connected to a **4,000 sq. ft. warehouse**. - **Warehouse Features**: Two pull-up doors, Phase III electric, and a **gated area** Newly constructed with **high-impact concrete** for durability and longevity. - Equipped with a fire-safety system for added protection. - **Prime Location**: - **Highly visible from I-10** with a professional retail appearance, providing excellent exposure for any business. - The **only light industrial building** in the area, making it a unique and high-demand property. - **Tenant Overview**: - Current tenant: **Terminix**, a renowned Fortune 500 company. - Long-term stability with a **15-year lease** in place. **Versatility & Convenience** This property combines the **functionality of office space and warehouse/storage** under one roof. Its strategic location and robust construction make it ideal for a variety of uses, with potential for continued appreciation. **Don't miss this exceptional investment!

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

6.31%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C3

APN/PARCEL ID

0-50-60-554.053

ASK ABOUT THIS PROPERTY

Kacie DennyCentury 21 Busch Realty GroupMore Info
228-216-0438

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Kacie DennyCentury 21 Busch Realty GroupMore Info
228-216-0438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.